BorgWarner Inc (BWA)

BorgWarner Inc's number of days of payables has exhibited variability over the past five years. The trend shows fluctuation in the payment period to suppliers. In 2023, the number of days of payables was 79.90 days, which increased compared to the prior year. The increase from 77.14 days in 2022 to 79.90 days in 2023 indicates that the company took slightly longer to pay its suppliers in the most recent year. The 2023 figure is also higher than the 5-year average of around 78 days.

Looking back further, in 2021 the number of days of payables was 69.33 days, indicating the company was relatively efficient in managing its payables that year. However, in 2020, there was a significant increase to 104.00 days, suggesting that the company took considerably longer to pay suppliers that year. The figure in 2020 was notably above the average and may indicate a change in the company's payment policies or difficulties in managing its cash flow during that period. 2019 saw a lower number of days of payables at 59.95 days, indicating a shorter payment period to suppliers.

Overall, the analysis of BorgWarner Inc's number of days of payables suggests that the company's payment practices have varied over the past five years, with fluctuations in how efficiently it manages its payables. Longer payment periods can indicate a potential strain on cash flow or a strategy to hold onto cash, while shorter payment periods may reflect efficient working capital management. It would be important to consider the underlying reasons for these fluctuations to better understand the company's financial health and operational efficiency.

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Dec 31, 2023